When you apply for an iwoca loan, we’ll usually need to verify your business revenue.
If you have a Royal Bank of Scotland account, there are two ways of giving us access to this information.
You can link your online banking to your iwoca account to give us read-only access to your business data, or you can upload PDF bank statements to your iwoca account. Alternatively, you can email bank statements downloaded from your online banking directly to firstname.lastname@example.org and we'll be happy to upload them for you.
Here’s a step-by-step guide for all options.
Option 1. Linking your online banking
You can link you online banking in three easy steps.
Get started by logging into your iwoca account and going to the ‘Business verification’ section, where you’ll find the option to link your online banking.
First, you’ll need to search for the name of your bank. There may be multiple results for the same bank so it's important to double check you have selected the correct account type (Business/Personal/Private).
Next, enter your login details for your online banking account. We do not store or have access to these details - we use a third party service provided by Yodlee, a major data-cloud service provider to global banks.
Having Some Trouble? You can find more detail on a list of common issues in this article.
Once you've added all of your credentials, confirm all the details are accurate and you should be good to go.
Now that you've given us read-only access to your business data we'll use it to make a fast and fair decision on your application.
Option 2. Adding PDFs of your bank statements
Log in to your RBS internet banking as usual
Select ‘Statements’ from the options on the left of the screen
Click on ‘View statement PDFs and certificates of interest’
Choose which account you wish to view statements from. It's helpful for us to see information from all the accounts that your business uses
Choose a time period to view
Your full statement from that period will be displayed
To download it as a PDF, simply click on the ‘Download statement (PDF)’ link at the top left. Download all the bank statements we require in the same way
Once we’ve got the details we need, we’ll review your application and get in touch when we’ve made a decision.
If you have any questions, send us a message by clicking the icon at the bottom right of your screen.